Market Size of Construction Adhesives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.10 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Construction Adhesives Market Analysis
The Construction Adhesives Market size is expected to grow from USD 8.94 billion in 2023 to USD 12.02 billion by 2028, at a CAGR of 6.10% during the forecast period (2023-2028).
The outbreak of COVID-19 brought several short-term and long-term consequences in the construction industry, which is likely to affect the demand for construction adhesives and sealants. According to the Associated General Contractors of America (AGC), there were disruptions to work or canceled projects, and the demand may be potentially less for 'non-essential' projects, like offices, entertainment, and sports facilities. Due to the shutdown of such projects and other construction activities, the demand for construction adhesives tends to constrain.
- In the short term, major factors driving the market studied are the increase in housing and construction projects in emerging countries and increasing investments in the construction industry.
- However, stringent environmental regulations related to emissions will likely restrain the market's growth.
- Increasing demand for bio-based and hybrid adhesives in the construction sector and adhesive contribution to green construction is likely to create opportunities for the market in the future.
Construction Adhesives Industry Segmentation
Construction adhesives are usually used for roofing, waterproofing, cladding, carpet laying, and other insulation applications during construction activities. The market is segmented based on type, application, and geography (Asia-Pacific, North America, Europe, South America, the Middle East, and Africa). The market is segmented by type: water-based, solvent-based, hot melt, reactive, and other types. The market is segmented by application into commercial, residential, infrastructure, industrial, and institutional. The report also covers the market size and forecasts for the Construction Adhesives market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD).
| Type | |
| Water-based | |
| Solvent-based | |
| Hot-melt | |
| Reactive | |
| Other Types |
| Application | |
| Residential | |
| Commercial | |
| Infrastructure | |
| Industrial and Institutional |
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Construction Adhesives Market Size Summary
The construction adhesives market is poised for significant growth, driven by increasing housing and construction projects in emerging economies and heightened investments in the construction sector. The market is experiencing a shift due to the COVID-19 pandemic, which caused disruptions and a temporary decline in demand for non-essential construction projects. However, the recovery and expansion of residential construction, fueled by urbanization, population growth, and the trend towards high-rise buildings, are expected to bolster the demand for construction adhesives. The market is also witnessing a growing interest in bio-based and hybrid adhesives, aligning with the broader movement towards sustainable and green construction practices. Despite these positive trends, the market faces challenges from stringent environmental regulations that could potentially hinder growth.
Regionally, the Asia-Pacific area dominates the construction adhesives market, with substantial demand stemming from countries like China and India, where rapid urbanization and economic development are driving construction activities. China's aggressive infrastructure plans and India's burgeoning construction industry are key contributors to the region's market expansion. The global market is characterized by consolidation, with major players such as Henkel, Dow, H.B. Fuller, Arkema Group, and 3M leading the industry. Strategic acquisitions, like Arkema's purchase of Permoseal and H.B. Fuller's acquisition of Apollo, are aimed at strengthening market positions and expanding footprints in key regions. These developments underscore the dynamic nature of the construction adhesives market, with ongoing opportunities for growth and innovation.
Construction Adhesives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Investments in the Construction Industry
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1.1.2 Increase in Housing and Construction Projects in Emerging Countries
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1.1.3 Other Drivers
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1.2 Restraints
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1.2.1 Stringent Environmental Regulations
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Type
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2.1.1 Water-based
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2.1.2 Solvent-based
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2.1.3 Hot-melt
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2.1.4 Reactive
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2.1.5 Other Types
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2.2 Application
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2.2.1 Residential
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2.2.2 Commercial
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2.2.3 Infrastructure
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2.2.4 Industrial and Institutional
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Construction Adhesives Market Size FAQs
What is the current Construction Adhesives Market size?
The Construction Adhesives Market is projected to register a CAGR of 6.10% during the forecast period (2024-2029)
Who are the key players in Construction Adhesives Market?
Dow, 3M, H.B. Fuller Company, Bostik and Henkel Adhesives Technologies India Private Limited are the major companies operating in the Construction Adhesives Market.
